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TOPIC: SQZ - Serica Energy.

SQZ - Serica Energy. 22 Apr 2022 13:21 #1

  • Elena Saratov
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Serica has reported substantial profits and increased Dividend and the SP falls!
We are doing very well here although my impatience has losing positions here (Some winning).
With over £300m cash and a market cap of £970m it looks a compelling debt free investment.
The SP reached over 420p recently and Jeffries raised their Broker target from 360p (was exceeded) to 600p.
With increased production and with the final payment to BP of £100m they now take 100% of revenue rather than 60%.
With Rhum producing this year to add to revenue and a Rig contracted for Niegg for Q3 it is possible that their cash position will be fantastic next year.
I have a target this year of 800p.
It is at a good entry point. History shows that after drops this share bounces hard.
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SQZ - Serica Energy. 19 Feb 2022 11:59 #2

  • Elena Saratov
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We used to hold a lot of shares in this company.
We bought into our children's ISAs in 2013 at 20p.
Something like March 2025 it was 3p.
But now the share is 250p.
The company is debt free and production of North Sea Gas profits are high.
I am expecting very good results in April. Announcement of a big Dividend increase just after the results. They may both come same day.
Not many North Sea producers are Debt free. Both BP and Shell have enormous debts.
They also have contracted a rig for the summer very close to their existing producing fields.
This share has allowed me to hit my target in my IG account early.
I have a 300% target every six months. If I can achieve this over 5 consecutive 6 month sections my original stake will be multiplied by 1000 times.
I may take a break from the market at any time if I feel that prospect of war or pandemic makes investing a lottery.
I have learned not to gamble.
This week I took out positions in Serica Energy on Wednesday at 246p and 241p and closed out on Thursday at 256p and 258p. This helped me reach my target and I am up around 364% with a view to re-entering Serica around the 230-250p region to hold until the results.
The next year (2022) results will be even better with strong Gas prices and BP no longer taking a share of profits of the Bruce and Keith fields.
If the market does take a fall Serica will not fall as badly as other heavily indebted Gas and Oil shares.
Please do your own research.
The high this year is around 276p and I expect provided market conditions are favourable for this to be comfortably exceeded.
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